Ouch! Twitter Suffers Largest Lockup-Expiration Day Loss in History: StockTwits

NEW YORK (TheStreet) -- Today twitterTwitter (TWTR) suffered one of the largest 'Lockup Expiration Day' losses in history, closing down over 18% since yesterday's close.

Insiders at Twitter were finally allowed to sell their shares today. The results were ugly.

$TWTR two support lines on the daily chart couldn't save the price drop into that deep hole. http://stks.co/a0WQc

-- liya Wong (@humble747) May. 6 at 01:45 PM

$SPY See How They Fall: $TWTR intraday -16% swan dive: Awesome http://stks.co/s0I7G

-- BL834 (@Lach14) May. 6 at 01:53 PM

Yikes!

Follow me on StockTwits: @chicagosean

At the time of publication, the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

More from Opinion

Apple Needs to Figure Out Its Self-Driving Vehicle Strategy

Apple Needs to Figure Out Its Self-Driving Vehicle Strategy

Throwback Thursday: Tesla, Chip Stocks, TheStreet's Picks

Throwback Thursday: Tesla, Chip Stocks, TheStreet's Picks

12 Stocks That Our Writers and Their Sources Recommend You Buy Here

12 Stocks That Our Writers and Their Sources Recommend You Buy Here

Musk Goes on Unoriginal Media Tirade

Musk Goes on Unoriginal Media Tirade

What's Happening in Video Games This Week: On the Road to E3

What's Happening in Video Games This Week: On the Road to E3